What is your T/P?
1x chanell or 2x chanell?
If it gets stopped out, I use 2x on a second breakout.
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That's 11W / 2L since January.Ignored
DislikedThat is very impressive.
Just wanted ask about your feel. I don't mean to criticize this approach.
Do you feel comfortable to take trade with real money based on this result.
I mean is there a consistent price behavior that makes this possible rather than pure chance, in your opinion?
DislikedI trade it with real money.
It has backtested profitably for several years, using harold's rules.
Sucessful backtests are all we ever have to go on.Ignored
DislikedThanks billbss. Sorry, I didn't realize you are trading real money. Thanks for the feedback. Is there a specific post that explains the harold's rules.
DislikedIt was missed by 20 something pips. The trade is still active. It hasn't been stopped out.
I use North Finance chart.Ignored
DislikedYour set up is wrong. You aren't adding the spread.Ignored
Disliked207.41-206.31=110 pips channel
207.41 + 110 + 9(spread) = 208.60
206.31 - 110 - 9(spread) = 205.12
so where is the problem?? I have to add 2x spread??
thanks for your patience, billbssIgnored
With a 9 pip spread:
Buy at 207.51 That is 1 pip above the H + spread.
Sell at 206.30 That is 1 pip below the L.
Range now = 121 pips.
BUY / SL=206.30 / PT=208.72
SELL / SL=207.51 / PT=205.09Ignored